What does a property investor look like?
It's easy to talk yourself out of making a residential property investment in Queensland. After all, it's a significant commitment to make, and can you be sure that capital gains are really going to occur?
Well, we're here to say you shouldn't let doubts get in the way. While yes, property investment in Queensland is a big step, it's one than can yield incredible benefits for you down the line - benefits that can't be ignored. Many people feel like they're not in a position to be able to do this, which we think ignores the reality of what an investor really looks like.
So who are the people who are fuelling this lucrative property market? We'll give you a clue - take a look in the mirror!
The backbone of a strong market
The Real Estate Institute of Australia (REIA) recently teamed up with ACIL Allen Consulting to have a look at property investment in Australia, and the resulting report shines a light on exactly who is buying real estate in Queensland and beyond.
It was revealed that two thirds of people who benefit from negative gearing, which is a popular method of property investment, are people with a taxable annual income of less than $80,000 - hardly the wealthy elite that many people think of when they consider this market.
What this means is that property investment is hardly out of reach of the everyday Australian family. It's important to engage the right wealth coach who can help you unlock the market in the right way though!
Fostering the growth
On top of this, the everyday investor is also someone helping to boost growth in the real estate market nationwide. The REIA study noted that one third of all new residential construction was being financed by investors, showing how popular this type of purchase is. Developing a property investment strategy doesn't just mean you're helping yourself - you're helping the wider economy too!
The Housing Industry Association has also noted that the construction of new homes in Queensland is on the rise, which indicates that the number of investors operating in our state is also on the up. Plenty of Australians already view investment as a great idea!
If you have been hesitant about making a property investment, then this should calm your nerves. People purchasing property in this way are regular Australians boosting our housing stock and getting their own capital gains at the same time. Want to find out more about getting ahead through property and equity? Make sure to give us a call here at Think Money.